My Sisters Closet of Monroe County Inc

Analysis

My Sisters Closet of Monroe County Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, My Sisters Closet of Monroe County Inc reported income of $412k and spending of $355k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $239k to $412k (+72%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Sisters Closet of Monroe County Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Rightpath Health Screenings ($412k), A Childs Delight Too Inc ($412k) and Immigrant Legal Services ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. Compensation of current officers, directors and key employees was $97k (27% of expenses). Other salaries and wages came to $101k. At year end it held assets of $283k against liabilities of $29k, net assets of $254k. It reported 12 employees.